Graf Acquisition IV closed its IPO of 15 million units.
Units trade on the NYSE under GFOR.U. Each consists of one share of common stock and one-fifth of one redeemable warrant, with whole warrants exercisable at $11.50 for a share. Once the securities comprising the units begin separate trading, stock and warrants are expected to list under GFOR and GFOR WS, respectively.
Led by SPAC veteran James Graf, the blank-check company has a broad mandate, able to target a business or businesses in any sector, and may be upsized based on demand or a so-called greenshoe. Read more.
